Business Contracts Bonding Company-Construction

[tsooo]

We are a small striping company, we have filed a claim against a contractor's performance/payment bond for our work done on a job. The bonding company is not responding to our claim, we sent in all the proper paper work and forms. The bonding company is continuing to ask for 30 more days to investigate. This has been ongoing for months now, at the end of every month the bonding company sends a notice of needing 30 more business days. We have a Stop Notice on the job as well. Is the bonding company in violation at all? Is there any other way we can receive payment from them? We are owed over $30,000.00.

 

[army judge]

We are a small striping company, we have filed a claim against a contractor's performance/payment bond for our work done on a job. The bonding company is not responding to our claim, we sent in all the proper paper work and forms. The bonding company is continuing to ask for 30 more days to investigate. This has been ongoing for months now, at the end of every month the bonding company sends a notice of needing 30 more business days. We have a Stop Notice on the job as well. Is the bonding company in violation at all? Is there any other way we can receive payment from them? We are owed over $30,000.00.

File a contractor's lien or contact a lawyer and sue for what you're owed. For $30,000, it's worth seeking the advice of a lawyer in your county.

I don't know if the bonding company is violating any law in your state. Contact the insurance commissioner for your state and ask.